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Loan Modification

: Flipping Frenzy

Five await sentencing after guilty pleas in Upstate mortgage fraud scheme

By Ralph Roberts

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Prosecutors allege kickbacks, falsified loans A federal judge will decide the fate of five people who have pleaded guilty in a mortgage fraud scheme that prosecutors say involved falsified loans and kickbacks to an upstate homebuilding business. An indictment accused South East Real Estate Solutions of falsifying financial information to help investors qualify for mortgages larger than [...]

Full post as published by Flipping Frenzy on March 19, 2010 (boomark / email).

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